Valuing the Future and Discounting in Random Environments: A Review
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DOI: 10.3390/e24040496
Abstract: We address the process of discounting in random environments, which allows valuation of the future in economic terms. We review several approaches to the problem regarding different well-established stochastic market dynamics in the continuous-time context… read more here.
Keywords: random environments; discounting random; future discounting; environments review ... See more keywords